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If California were a Country, we would be the 8th largest economy in the world. When Arnold took office, we were the 6th largest.
"The latest cold water splashing comes from California Lutheran University’s Center for Economic Research and Forecasting (CERF) and its forecasts for the U.S. and California economies. It starts with the “good news. This is CERF’s first published report where we do not forecast any quarter with net United States job losses. It appears that the job recovery, weak as it is, is finally here.”
But even that weak economic recovery is avoiding California. The forecast expects, “Our forecast for California jobs is for small and declining job losses throughout 2011. Output, though, will continue to grow, at rates near those of the United States. Thus, while California will technically be in recovery, few will feel the impacts of that recovery.”
Call it the non-recovery recovery. Only in California."
While our job losses, if the study is accurate, will lessen, we will still be losing jobs. The reason is because of high taxes, AB 32, unions and illegal aliens. What is not noted is the thousands that will be fired by local governments over the next six months because of lack of money. Finally, government is being cut down to size. It will be harsh for those who thought paying a bribe to a union will keep them working. While over 90% of government workers pay bribes, about 7% of private workers pay bribes--and those industries like the auto folks are in deep poop due to the unions. Only hospital workers are growing--and that is because it is life and death; government and insurance companies pay the bill--not the patient directly.
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"The latest cold water splashing comes from California Lutheran University’s Center for Economic Research and Forecasting (CERF) and its forecasts for the U.S. and California economies. It starts with the “good news. This is CERF’s first published report where we do not forecast any quarter with net United States job losses. It appears that the job recovery, weak as it is, is finally here.”
But even that weak economic recovery is avoiding California. The forecast expects, “Our forecast for California jobs is for small and declining job losses throughout 2011. Output, though, will continue to grow, at rates near those of the United States. Thus, while California will technically be in recovery, few will feel the impacts of that recovery.”
Call it the non-recovery recovery. Only in California."
While our job losses, if the study is accurate, will lessen, we will still be losing jobs. The reason is because of high taxes, AB 32, unions and illegal aliens. What is not noted is the thousands that will be fired by local governments over the next six months because of lack of money. Finally, government is being cut down to size. It will be harsh for those who thought paying a bribe to a union will keep them working. While over 90% of government workers pay bribes, about 7% of private workers pay bribes--and those industries like the auto folks are in deep poop due to the unions. Only hospital workers are growing--and that is because it is life and death; government and insurance companies pay the bill--not the patient directly.
More...